Nymex Crude Oil (CL) Crude oil’s rebound from 65.05 extended further to as high as 69.93 last week and the strength of the rebound mixed up the near term outlook. With 4…
Tag: Commodities
Natural Gas Weekly Technical Outlook
Nymex Natural Gas (NG) Initial outlook remains neutral this week as sideway consolidation from 4.975 might continue. Nevertheless, as noted before, natural gas has likely bottomed at 2.409 already. Downside of the…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil’s rebound loses some steam ahead of 73.16 resistance but still, further rise is mildly in favor with 68.10 minor support intact. As discussed before, the corrective…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’s pull back from 4.975 is still in progress and intraday bias remains neutral for the moment as some more consolidations could be seen. Nevertheless, as discussed…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil’s strong rebound from 65.05 is still in progress and breaches 70 level. The impulsive look of the rebound dampens our bearish view and in turn argue…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Intraday bias in natural gas is turned neutral for the moment and some consolidations might be seen. Nevertheless, as discussed before, a bottom should be formed at 2.409…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil’s consolidation from 65.05 is still in progress and recovery might continue further. But upside is still expected to be limited well below 71.11 resistance an bring…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Outlook in natural gas remains unchanged. A bottom should be formed at 2.409 already and further rise is still expected as long as 3.635 support holds. Current rebound…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Break of 67.02 minor resistance indicates that an intraday low is in place at 65.05 and some consolidation could now be see. Nevertheless, recovery is expected to be…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Developments in Natural gas continue to indicate that it has bottomed out at 2.409 already. Further upside is still expected as long as 3.635 support holds. Current rebound…